Latest Articles in Business

Marc Jacobs to halt use of reptile and ostrich skins

Following in the path of other luxury counterparts, Marc Jacobs has now confirmed that it will be banning the use of reptile and ostrich skins in its collections, according to the People for the Ethical Treatment of Animals (PETA). The nonprofit organisation has been pressuring Marc Jacobs, and other brands of the same calibre, to make such a...

Business

Centric Brands and Authentic establish licensing deal for Vince accessories

Centric Brands has secured a licensing agreement for Vince accessories with the brand’s parent company Authentic Brands Group, which follows a third-party partnership model for its portfolio of brands. Through the deal, Centric Brands will oversee the design, manufacturing and distribution of Vince branded handbags, small leather goods and belts...

Business

Frasers Group reportedly set to cut jobs at Studio Retail warehouse

Fashion and retail giant Frasers Group is said to have launched a redundancy consultation with warehouse staff at Studio Retail’s Accrington location in Lancashire. A total of 164 warehouse employees are believed to be impacted by the move, which is being carried out in light of a lack of sales, according to Drapers. Those affected derive from...

Business

H&M closes Berlin innovation lab Beyond

H&M is ending the activities of H&M Beyond in the German capital. This was confirmed by the Swedish clothing group at the request of FashionUnited on Thursday. Oliver Lange, the previous manager of the project, reported the cancellation of the project at the end of last week on the career network LinkedIn. Lange left the company on 1 May and the...

Business

Denmark wants to ban PFAS in clothing and shoes

As part of a new action plan on the use of per- and polyfluoroalkyl substances (PFAS), the Danish government has proposed to introduce a national ban on PFAS in clothing, footwear and sealants, as these are one of the largest sources of PFAS in the local environment. Notably, PFAS in workwear and safety clothing should not be affected by the...

Business

Luxury brands lure Chinese shoppers despite slowdown

Sipping champagne and nibbling fried dumplings, Shanghai's rich and influential posed by Louis Vuitton signs at a runway afterparty -- a lavish affair designed to win customers in China's crucial market. China is the world's biggest spender in the luxury sector, accounting for half of global sales. But as its post-pandemic recovery falters,...

BusinessFeatured

Taipei Fashion Week in flux: How Taiwan is navigating its ambition of global recognition

While international fashion month may have long wrapped up, in Taiwan last week things were just kicking off as the country prepared to host its biannual Taipei Fashion Week (TPFW). Located entirely on the grounds of the Songshan Cultural and Creative Park, the event drew in politicians, celebrities and fashion leaders alike for four days of...

Business

TikTok's US e-commerce is soaring

TikTok's e-commerce platform experienced rapid growth in 2023, with over 500,000 merchants selling to US users by the end of the year, double the number from three months earlier, reported Bloomberg. Worldwide, the platform boasted more than 15 million sellers, adding over 6 million in the second half of the year. Under heavy scrutiny in the US,...

Business

Vestiaire Collective: “Our world cannot afford fast fashion”

“The idea that fast fashion is more affordable is simply wrong” - this is the conclusion of new research by Vestiaire Collective. The French resale platform published its ‘Circularity Report 2024’ last week. The company's third annual impact report shows the results of a joint study with carbon tracking software Vaayu. A consumer survey with...

Business

Rebag launches new membership programme to grow sales

Luxury resale retailer Rebag has launched a membership programme aimed at increasing customer purchasing power by 27 percent. The Rebag+ programme aims to offer an industry-first approach to resale, allowing customers to fund now, buy later, by converting 100 percent of membership contributions to R+ Credit usable for future purchases. To join...

BusinessFeatured

Taipei Fashion Week and beyond: 5 Emerging Taiwanese talents to know

In recent years, few Taiwanese designers have managed to capture the market on a global scale, yet the local industry is budding with emerging talent that is beginning to draw in much deserved attention. Alongside this, the country is also beginning to increasingly experiment and invest in its biannual Taipei Fashion Week, which came to a close...

Business |Interview Featured

Taipei Fashion Week’s associate director on the emerging market and evolving heritage

The face of Taipei Fashion Week has been under constant construction since its launch in 2018, as those behind the Taiwanese event continuously explore, experiment and shift their approach in order to grow awareness. This differs from the already well-established creative market that has a prominent place in the country in the form of cultural...